Mumbai, Dec. 17 -- The company will raise funds by way of rights issue, preferential allotment, qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate by way of issue of equity shares and / or any other eligible securities.

The proposed issuance will be undertaken in accordance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Shriram Finance is India's largest retail asset financing non-banking finance company (NBFC). It is the flagship company of the Shriram Group, which has a significant presence in consumer finance, life insurance, general insurance...